Bailard Inc. Takes Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Bailard Inc. acquired a new stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,100 shares of the bank's stock, valued at approximately $667,000. Bailard Inc. owned approximately 0.08% of First Mid Bancshares as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in First Mid Bancshares by 16.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank's stock valued at $72,000 after acquiring an additional 276 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of First Mid Bancshares by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,016 shares of the bank's stock valued at $479,000 after purchasing an additional 458 shares during the period. Two Sigma Advisers LP raised its position in shares of First Mid Bancshares by 6.6% in the fourth quarter. Two Sigma Advisers LP now owns 8,100 shares of the bank's stock valued at $298,000 after purchasing an additional 500 shares during the period. Sterling Capital Management LLC raised its position in shares of First Mid Bancshares by 804.9% in the fourth quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock valued at $27,000 after purchasing an additional 652 shares during the period. Finally, MetLife Investment Management LLC raised its position in shares of First Mid Bancshares by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 13,737 shares of the bank's stock valued at $506,000 after purchasing an additional 776 shares during the period. Institutional investors own 47.57% of the company's stock.

First Mid Bancshares Trading Down 0.5%

Shares of FMBH stock traded down $0.20 on Friday, reaching $38.88. The company had a trading volume of 56,158 shares, compared to its average volume of 63,755. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.25. The stock has a market cap of $932.73 million, a PE ratio of 11.57 and a beta of 0.87. The company has a 50-day moving average of $37.02 and a 200-day moving average of $36.17. First Mid Bancshares, Inc. has a 12 month low of $27.58 and a 12 month high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.02. First Mid Bancshares had a return on equity of 9.90% and a net margin of 17.75%. The business had revenue of $85.21 million during the quarter, compared to analysts' expectations of $58.29 million. On average, equities analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, May 15th. First Mid Bancshares's dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Raymond James Financial reissued an "outperform" rating and issued a $40.00 price target (down previously from $43.00) on shares of First Mid Bancshares in a research report on Friday, May 2nd. Wall Street Zen lowered shares of First Mid Bancshares from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Finally, Stephens reissued a "positive" rating on shares of First Mid Bancshares in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $43.83.

First Mid Bancshares Profile

First Mid Bancshares, Inc, a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.